Founded by Jamshedji Tata in 1868, the Tata group is a global enterprise headquartered in India and consists of over 100 operating companies, with operations in more than 100 countries across six continents, exporting products and services to over 150 countries. Tata companies with significant scale include Tata Steel, Tata Motors, Tata Consultancy Services , Tata Power, Tata Chemicals, Tata Global Beverages, Tata Teleservices, Titan, Tata Communications and Indian Hotels. Here are 10 interesting facts about Tata Group you should know:
Let’s go back to our list of interesting facts about Tata group:
1. History in Making:
Tata Group holds the second largest market capitalization in the Indian stock market after Reliance.
Tata Group was ranked as the most valuable brand in India by Brand Finance.
Tata Group was ranked 11th in the world’s top 100 reputable companies in 2009 by Forbes Magazine.
Tata ranked as 3rd Most Trusted Brand in 2014 in the Brand Trust Report.
TATA Group was voted as the most trustworthy brand among the Indian corporate houses by Equitymaster in 2011.
2. Ranking of TATA Group amongst other companies in India and the world:
Tata Communications is the world’s largest wholesale voice carrier.
Tata Motors is among the top five commercial vehicle manufacturers in the world
Tata Steel is among the top 10 best steel makers in the world.
TCS is among top 10 global IT services companies.
Tata Global Beverages is the world’s 2nd largest player in tea.
3. Counted among top 10 Philanthropists in India:
Tatas are not counted among the world’s richest people as 66% of their earnings is donated to charity. Trusts created by Tata Group control 65.8% of company shares.
The charitable trusts of Tata Group fund a variety of projects, including organizations that support education, handicrafts and nutrition among malnourished children.
4. End of Tatas as Group Chairmen of Tata Group:
Since 1868, only five men have been chairmen of the Tata Group. Ratan Tata stepped down as the Chairman of the Tata Group on December 28, 2012 on his 75th Birthday.
5. Tata Group New Chairman:
Cyrus Mistry took over as the new Chairman of Tata Group after Ratan Tata stepped down, becoming the second non-Tata to head the group in its history of 143 years. Sir Nowroji Saklatwala had led the group between 1932 and 1938. In 2016, however, Mistry was ousted as the chairman of the TATA group, and since then he and the company have been in a legal tussle. Ratan Tata returned as interim Chairman in the absence of a chairman, and Natarajan Chandrasekaran was appointed Chairman a few months later, becoming the first non-Parsi to hold that position.
6. Awards and Honours:
JRD Tata, former Chairman of Tata Group is the only industrialist to be awarded the Bharat Ratna, the highest civilian award in India. He received the award in 1992.
In 2009, Ratan Tata received an Honorary Knight Commander of the Order of the British Empire (KBE) and in 2014 he received Honorary Knight Grand Cross of the Order of the British Empire (GBE), becoming the first Indian to receive the honor since India’s independence.
7. Software package for illiterates:
TCS designed and donated an innovative software package that supposedly teaches illiterate adults how to read in 50-55 hours. Tata’s Adult Literacy Program was launched in 2000, and to facilitate easier teaching, TCS came up with Computer-Based Functional Literacy software (CBFL) which uses a number of methods to help an illiterate person reach a functional level of reading in a matter of hours.
8. Best Employer in Crisis:
After the Mumbai attacks in 2008, Salaries of then heavily attacked Taj Hotel employees were paid despite the hotel being closed for reconstruction. Ratan Tata personally visited families of all the employees that were affected.
9. Tata Group into Aviation:
Tata group has always nurtured the dream of operating an airline. JRD Tata pioneered the aviation industry in India and started Tata Airlines. After nationalization it was renamed Indian Airlines and he headed it for 25 years. He was the first Indian to be granted a pilot’s licence. His sister Sylla Tata was the first Indian woman to be granted a pilot’s license. He was the first licensed pilot of India.
10. Tata Group is the fourth largest employer in India.
After Indian Railways, the Sahara Group and the Indian Armed Forces, the Tata group is the fourth largest employer in India, with over 500,000 employees in TCS.
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